Substantive behavioral aspects of consumer behavior in the conditions of sanctions pressure on the Russian economy
https://doi.org/10.21869/2223-1552-2024-14-4-30-47
Abstract
Relevance. Sanctions pressure on the economy of the Russian Federation is one of the most important factors influencing consumer behavior and their consumer preferences. Under sanctions, many social, economic and political aspects influence consumer behavior, from which new consumer trends and changes in consumer behavior emerge.
The purpose is to explore the substantive behavioral aspects of consumer behavior under the conditions of sanctions pressure on the Russian economy.
Objectives: study changes in consumer preferences in connection with global crises; analyze changes in consumer behavior depending on various factors and price dynamics as a factor in consumer behavior; explore the influence of cognitive distortions on the meaningful behavioral aspects of consumers; propose the concept of business company plans in accordance with new consumer expectations.
Methodology. In the process of research, general scientific methods of logical and statistical analysis, field research, as well as qualitative and quantitative analysis were used. Results. The survey showed that consumers have become more frugal and choose domestic brands in order to save money, the study of the impact of cognitive distortions on consumers showed that society is prone to a pessimistic attitude in terms of adopting new domestic products and brands.
Conclusions. A business plan under sanctions pressure, aimed at the novelty of the product and its effectiveness, will help companies promote their goods and services on the Russian market during the period of sanctions pressure. Focusing on changing the object of purchase, place of purchase (online trading if possible), timing and methods of procurement in accordance with new motives and customer expectations will give companies an advantage in conditions of market instability and changing behavioral aspects of consumers.
About the Authors
Yu. S. PolozhentsevaRussian Federation
Yulia S. Polozhentseva, Candidate of Sciences (Economics), Associate Professor of the
Department of Regional Economics and Management,
50 Let Oktyabrya Str. 94, Kursk 305040
I. O. Logvinova
Russian Federation
Irina O. Logvinova, Мaster of the Department of Regional Economics and Management,
50 Let Oktyabrya Str. 94, Kursk 305040
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Review
For citations:
Polozhentseva Yu.S., Logvinova I.O. Substantive behavioral aspects of consumer behavior in the conditions of sanctions pressure on the Russian economy. Proceedings of the Southwest State University. Series: Economics. Sociology. Management. 2024;14(4):30-47. (In Russ.) https://doi.org/10.21869/2223-1552-2024-14-4-30-47